IGI Prudential Insurance Invites Sealed Bids for Vehicle Sale
24th August 2026, Kathmandu
IGI Prudential Insurance Company Limited has invited sealed bids for the sale of two vehicles in their existing condition on an “as is, where is” basis through a 15-day tender process.
IGI Prudential Sealed Bids
The notice was published on Bhadra 8, 2083 BS.
Vehicle Details and Minimum Valuations
2016 Renault Duster (RXZ AWD): 1,491 cc engine capacity; minimum valuation set at Rs 1.8 million.
2019 Maruti Suzuki EECO (5-Seater): 1,196 cc engine capacity; minimum valuation set at Rs 1.55 million.
Inspection and Tender Application Process
Vehicle Inspection: Interested individuals, firms, and institutions can inspect the vehicles during office hours at the company central office in Panipokhari, Kathmandu.
Tender Forms: Forms can be obtained from the company upon payment of a non-refundable fee of Rs 100.
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Bidding Guidelines and Deposit Terms
Submission Deadline: Sealed bids must be submitted by Bhadra 22, 2083 BS, before 5:00 PM.
Security Deposit: Bidders must deposit 10 percent of their offered bid amount into the company account at Sanima Bank and enclose the deposit voucher with the sealed bid.
Bid Requirements: Envelopes must clearly state the notice number, bidder name, address, and contact number. Offered amounts must be stated in both figures and words. Conditional bids will be rejected.
Bid Opening and Possession Terms
Bid Opening: Bids will be opened at 2:00 PM on the 16th day (Bhadra 23, 2083 BS) at the central office in Panipokhari, Kathmandu, in the presence of bidders or their representatives, or in their absence.
Payment and Transfer: Successful bidders must pay the approved bid amount plus 13 percent Value Added Tax (VAT) and take possession of the vehicle within 15 days of bid approval. Failure to complete payment within the specified period will result in forfeiture of the 10 percent security deposit, and the company may offer the vehicle to the next highest bidder.
For More: IGI Prudential Sealed Bids
